Guild Holdings Company (NYSE:GHLD) agreed to acquire Retail Lending Assets from Academy Mortgage Corporation on February 12, 2024. Academy Mortgage Chief Executive Adam Kessler will join Guild?s senior leadership team through the transition and newly combined organization. Academy branches will operate as a division within Guild and transition to the Guild brand.

Guild Holdings Company (NYSE:GHLD) completed the acquisition of Retail Lending Assets from Academy Mortgage Corporation for $13.4 million on February 26, 2024. Guild Holdings paid $13.4 million in cash at closing plus the sellers have the opportunity to receive cash payments based on the performance of the Academy Mortgage branches.